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Capitalism Hits the Fan

Like that well known substance, Capitalism has hit the fan. The statistics are numbing and do not convey the suffering and trauma citizens are enduring. Gone up in smoke are their savings, pensions, homes and jobs. Poverty is at record levels. For too many, dreams and hopes are shattered. And like the Howard Beale character in the movie Network, people are yelling, "I'm as mad as hell and I'm not going to take this anymore." Occupy Wall Street has gone global. People are in the streets pushing back and saying, Enough. "We are the 99%." There is widespread recognition that the economic crash is not just the result of greed and arrogance and lax regulation. There are deeper structural problems with a system that always prioritizes profits over people. The question is what should replace it?

Speaker(s):

Richard Wolff teaches at the New School in New York. The New York Times called him “America’s most prominent Marxist economist.” He is the author of numerous books including Capitalism Hits the Fan, Democracy at Work and Occupy the Economy with David Barsamian.

James Hansen, one of the leading scientific authorities on global warming, warns: "Planet Earth, creation, the world in which civilization developed, the world with climate patterns that we know and...

The global economic landscape is being radically transformed. Traditional boundaries disappear as huge transnational corporations move virtually at will in search of cheap labor and resources. One financier boasts, "Now...